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Dec 30, 2012
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it would also have to increase taxes on the highest income earners. >> just can't afford a politically self-inflicted wound to our economy. economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> the president's proposal to raise taxes on the top two percent of americans won't even pay one-third of the annual interest that's now owed on the massive $16 trillion debt. >>> the house returns tonight just one day before a deal needs to be reached. it's likely negotiators will be burning the midnight oil as the clock ticks down to 2013. there will be a lot more on the fiscal cliff coming up this morning on abc's "this week." charles summer of new york and republican senator john kyle of arizona debate the last-minute efforts. that's coming up at 8:00 this morning on" this week "with george stephanopoulos on abc7. >>> coming up, an attempt to rescue a man that fell into icy water goes horribly wrong as several more people fall in trying to save him. we will tell you what happened next. >>> and the last-minute push is on to prepare for
it would also have to increase taxes on the highest income earners. >> just can't afford a politically self-inflicted wound to our economy. economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> the president's proposal to raise taxes on the top two percent of americans won't even pay one-third of the annual interest that's now owed on the massive $16 trillion debt. >>> the house returns tonight just one day before...
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Dec 26, 2012
12/12
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lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some spots blue skies, some parts grey clouds. >> interesting the colors you will see out there rainbow colors out there and we've had some in the south baylor, i'll show you one from mountain view, san jose we just had moderate rain roll through downtown, darker clouds off to the west there and that's what is going to head up into the santa cruz mountains shortly. one other advantage point, at least this side of san francisco, we are on the embarcadero side at front and vallejo streets where it looks quiet. if you look back the other way, rain coming in. san francisco heading out here any second the -- let's look at live doppler,
lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some...
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Dec 29, 2012
12/12
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first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend less on fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shoppers into their stores. >> the bowl game is all decked-out for the game this afternoon against the u.s. navy academy and arizona state. everyone's spirits are high and the game is bringing a boost for the local economy. >> many are here for an extended weekend. >> two teams really excited to be here and their fans are excited to be here. gosh, i think we are filling up all the hotels in san francisco. >> 33,000 tickets have been sold for the match-up. at&t park can take 40,000 so not at capacity yet. organizers believe it will be another banner year for the hunger goal. it's brought the city more than $130 million over the past 11 years
first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend less on fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shoppers into their stores. >> the bowl game is all decked-out for the game this afternoon...
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Dec 27, 2012
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the president is trying to hammer out a deal before major tax hikes and spending cuts kick in january 1st. this morning harry reid launched a scathing attack on house republicans for not returning to washington. >> i can't imagine their con chens they are out wherever -- consciences they are out wherever they are and we are trying get something done. >> newly appointed senator flew back with the president today, left governor currently will replace the late senator daniel inouye. >>> that looming fiscal cliff is having a huge effect on the stock market today. you can see the dow is down 135 points over 1%, consumer confidence very low because of concerns that fiscal cliff will cause taxes to rise for everyone if congress tpaeults to work to the. >>> former president george higgs boson bush remains in intensive care he is -- george h.w. bush remains in intensive. doctors suspected he would be home in time for christmas but his condition worsened, he is alert and talking to hospital staff. >>> there is a bright spot for the economy, new homes selling at fastest past in more than 2 1/2 y
the president is trying to hammer out a deal before major tax hikes and spending cuts kick in january 1st. this morning harry reid launched a scathing attack on house republicans for not returning to washington. >> i can't imagine their con chens they are out wherever -- consciences they are out wherever they are and we are trying get something done. >> newly appointed senator flew back with the president today, left governor currently will replace the late senator daniel inouye....
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Dec 30, 2012
12/12
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would stop the increase of the estate tax. the president has asked democratic leader harry reid to prepare a separate bill to put on the senate floor that would increase taxes for households that earn a quarter million dollars or more, and respect -- expect republicans would block that proposal. but rather than take it back as a stopgap measure, think of it as a political move to try to shift the responsibility of failure on to republi watches the hour of reckoning. >> as the deadline approaches, our coverage of the fiscal cliff negotiations continue on television and on-line at wjla.com. >> some people in the area are still cleaning up after the high wind thursday. and, apart, a tree crashed through a house. -- in takoma park, a tree crashed through a house. in mclean, trees littered the georgetown park way. >> maryland health officials are reporting their first death related to hypothermia of the season. the health department says a 65- year-old man died in frederick county between december 18-24. pulte officials did not rel
would stop the increase of the estate tax. the president has asked democratic leader harry reid to prepare a separate bill to put on the senate floor that would increase taxes for households that earn a quarter million dollars or more, and respect -- expect republicans would block that proposal. but rather than take it back as a stopgap measure, think of it as a political move to try to shift the responsibility of failure on to republi watches the hour of reckoning. >> as the deadline...
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Dec 27, 2012
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the president is trying to hammer out a deal before major tax hikes and spending cuts kick in january 1st. this morning harry reid launched a scathing attack on house republicans for not returning to washington. >> i can't imagine their con chens they are out wherever -- consciences they are out wherever they are and we are trying get something done. >> newly appointed senator flew back with the president today, left governor currently will replace the late senator daniel inouye. >>> that looming fiscal cliff is having a huge effect on the stock market today. you can see the dow is down 135 points over 1%, consumer confidence very low because of concerns that fiscal cliff will cause taxes to rise for everyone if congress tpaeults to work to the. >>> former president george higgs boson bush remains in intensive care he is -- george h.w. bush remains in intensive. doctors suspected he would be home in time for christmas but his condition worsened, he is alert and talking to hospital staff. >>> there is a bright spot for the economy, new homes selling at fastest past in more than 2 1/2 y
the president is trying to hammer out a deal before major tax hikes and spending cuts kick in january 1st. this morning harry reid launched a scathing attack on house republicans for not returning to washington. >> i can't imagine their con chens they are out wherever -- consciences they are out wherever they are and we are trying get something done. >> newly appointed senator flew back with the president today, left governor currently will replace the late senator daniel inouye....
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Dec 31, 2012
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also divide on taxes. white house wants to raise tax rates on people making more than $250,000 a year. republicans would like to keep the estate tax from going up. >> if we are not able to reach an agreement, it would be dire. >> reporter: if there is no deal today, the average american family will see a tax hike of $3400. tahman bradley, abc7 news. >> -- any chance a deal might include retiring the country's debt? >> reporter: slim to none. republicans and president obama will be fighting about the debt next year. republicans wanting to use the debt ceiling as a bargaining tool. we might be back again seeing a fight like this next year. >> tahman bradley, thank you. >>> minimum wage workers in san francisco are getting a raise in the new year. the minimum wage is increasing from $10.24 to $10.55. in;a(j 2003 voters approved ordinance tying minimum wage to inflation in the bay area compensation has gone up every year since, except between 2009 and 2010. san francisco has the highest minimum wage in the cou
also divide on taxes. white house wants to raise tax rates on people making more than $250,000 a year. republicans would like to keep the estate tax from going up. >> if we are not able to reach an agreement, it would be dire. >> reporter: if there is no deal today, the average american family will see a tax hike of $3400. tahman bradley, abc7 news. >> -- any chance a deal might include retiring the country's debt? >> reporter: slim to none. republicans and president...
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tax hike spending cut we told you about. we have mr. on that deal on 7 morning news beginning at 4:30 am and of course on our web site but again senate voted to pass that deal. >>> back now to new year's eve. getting ready for our own fireworks ferry building on embarcadero on san francisco. spencer here with life doppler 7 hd. lacks pretty good. it does. clear out there as we see. moisture early in the evening offshore moved well to our south. skies clearing. trems falling however pretty chilly out there. 32 degrees fairfield. 35 in nap a.36 livermore here in san francisco relatively mild 48 degrees and falling. so here's a look what we expect conditions to be like at midnight fireworks begin. we'll have chilly conditions mainly clear skies. temperatures in the low to mid 40's so it's cool and brisk tout but i don't think that will deter the revellers from enjoying the new year's eve fireworks and the weather. i have more coming up a little bit later dan. >> excellent. thanks very muc much. >> with the start of new year hundreds of if
tax hike spending cut we told you about. we have mr. on that deal on 7 morning news beginning at 4:30 am and of course on our web site but again senate voted to pass that deal. >>> back now to new year's eve. getting ready for our own fireworks ferry building on embarcadero on san francisco. spencer here with life doppler 7 hd. lacks pretty good. it does. clear out there as we see. moisture early in the evening offshore moved well to our south. skies clearing. trems falling however...
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Dec 24, 2012
12/12
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obama to cut taxes for the $50,000 and below. -- $25078,000 level and below. -- $250,000 level. it does raise questions on his own position as house speaker. so many questions in the days ahead. it duds not -- does not look very optimistic. they did not fill us with holiday cheer. president obama when he spoke friday evening before he left to hawaii looked tired of the whole process. he'll be back mid next week as will congress. so they'll have a few days to get their acts together to come together on a smaller bill. it does not look like we're going to see anything large, the big deal at this point. we're looking at a scalled down measure if anything and it's not even clear that that will pass. >> kicking the can down the road. >> rachel, thank you so much for being here. >> thank you. >> all right. coming up -- there's a bar inside a local clothing shop. not sure what video that is. but we'll be right back. >> we want to tell you >> russia is taking drastic steps to prevent americans from don'ting -- don'ting -- adopting russian children. >> i thought i would have her here for
obama to cut taxes for the $50,000 and below. -- $25078,000 level and below. -- $250,000 level. it does raise questions on his own position as house speaker. so many questions in the days ahead. it duds not -- does not look very optimistic. they did not fill us with holiday cheer. president obama when he spoke friday evening before he left to hawaii looked tired of the whole process. he'll be back mid next week as will congress. so they'll have a few days to get their acts together to come...
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Dec 27, 2012
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to get out of high dividend funds and move into tax exempt bonds that won't be taxed. >> the current negotiate yigs between the president and house speaker could mean the reduction of the general deduction for chairitable contributions. >> if i wasn't receiving credits for helping out a charity, or in that situation why help them out? >> statements like that has the ceo of the united way of the bay area and other nonprofiting fighting to retain chairitable deduction autos it would be a big mistake to think this would only affect a few people, there are many donors that itemize and take advantage of the chairitable tax deduction including middle income people. >> and if that were to happen, i dithi it has to be phased out over a long period of time. >> it encourages people to buy houses versus renting. and... if they will lower the mortgage rate deductions people will think twice. >> whatever happens, this cpa thinks it's a good time to refinance if you have 15%-to-20 years left on the mortgage. >> and this could make a difference over the length of the mortgage. >> is that could with
to get out of high dividend funds and move into tax exempt bonds that won't be taxed. >> the current negotiate yigs between the president and house speaker could mean the reduction of the general deduction for chairitable contributions. >> if i wasn't receiving credits for helping out a charity, or in that situation why help them out? >> statements like that has the ceo of the united way of the bay area and other nonprofiting fighting to retain chairitable deduction autos it...
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there is another reason, the year for goodwill, it's the a lot of day people can get that donation tax write off for 2012. >> right. we're waiting for 2013 to arrive here, much of the world welcomed new year, here is how they kit d.it in london. the well bells of big ben rang loudly. lit up the river thames over a wide area you can see just spectacular, cost australia $7 million to pull off this display. that is billed as the world's most expensive z take a look at this light show in dubai. seeing it, just watching it costs $4300. and an amazing scene now in new york time square. a million people expected to watch the ball drop. new year arrives there in about two and a half hours from now. very exciting. now, you can bring in the new year with abc. there will be a special celebration of dick clark's live, atd 10:00 there is a a program with ryan seacrest, then at 11:00 preparations and celebrations on abc 7 news, then at 11:30 going back to new york with so a big night here on abc 7. celebrating new year's. >> we have you covered. >> still to come on abc 7 news at 6:00 a deal may be20
there is another reason, the year for goodwill, it's the a lot of day people can get that donation tax write off for 2012. >> right. we're waiting for 2013 to arrive here, much of the world welcomed new year, here is how they kit d.it in london. the well bells of big ben rang loudly. lit up the river thames over a wide area you can see just spectacular, cost australia $7 million to pull off this display. that is billed as the world's most expensive z take a look at this light show in...
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Dec 27, 2012
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. >> going over the fiscal cliff mean morz than higher taxes. federal workers at risk of being furloughed and unemployment benefits for two million people could expire saying the nation will fall back into a recession. there are reports hairy reed is now working on a smaller deal than the one the president negotiate yatesed with house speaker john boehner. >> the package reportedly preventing tax increases on middle class families and cut some spending programs but it's not clear such a plan could pass. >> star bucks is using its coffee cups to jump into washington politics. the world's biggest coffee chain asking employees and cafes to write something other than customer names on cups wanting workers to scribble words come together on cups this week as a message to lawmakers to settle this fiscal cliff issue. >> jipgs president morsi signed the country's new constitution into law today. >> he called on the opposition to the opposition restricted the new constitution. >> the parts were draft bid islamist leaders. morsi revoked sweeping powers he
. >> going over the fiscal cliff mean morz than higher taxes. federal workers at risk of being furloughed and unemployment benefits for two million people could expire saying the nation will fall back into a recession. there are reports hairy reed is now working on a smaller deal than the one the president negotiate yatesed with house speaker john boehner. >> the package reportedly preventing tax increases on middle class families and cut some spending programs but it's not clear...
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Dec 26, 2012
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lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some spots blue skies, some parts grey clouds. >> interesting the colors you will see out there rainbow colors out there and we've had some in the south baylor, i'll show you one from mountain view, san jose we just had moderate rain roll through downtown, darker clouds off to the west there and that's what is going to head up into the santa cruz mountains shortly. one other advantage point, at least this side of san francisco, we are on the embarcadero side at front and vallejo streets where it looks quiet. if you look back the other way, rain coming in. san francisco heading out here any second the -- let's look at live dopplers
lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some...
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Dec 31, 2012
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there's a divide on taxes white house wants to raise tax rates on people making more than $250,000 a year, republicans would like to keep estate tax from going up. >> if we are not able to reach agreement, it would be dire. >> reporter: if there is no deal today, the average american family will ring in the new year with a $3400 tax hike. tahman bradley, abc7 news. >>> 5:38 now. the 49ers are on solid groin getting ready for a buy week, then playoffs. 9ers won the nfc west division 27-13 over arizona at the stick. thanks to the vikings beating the packers, 49ers will host a playoff game january 12th. sunday, running back gore set a franchise record scoring 51st rushing touchdown, smith appeared in the game, most likely his last as a 49er. >> it was almost, you couldn't be sure if that was a tribute or something else, it felt bad but kaepernick had a great day. >> the weather is looking great heading into your new year's eve celebrations tonight.@ y÷ >>> definitely going to be nice tonight, a lot of stars maybe high cloud or two, grab the heavy coat, going to be chilly. check out tem
there's a divide on taxes white house wants to raise tax rates on people making more than $250,000 a year, republicans would like to keep estate tax from going up. >> if we are not able to reach agreement, it would be dire. >> reporter: if there is no deal today, the average american family will ring in the new year with a $3400 tax hike. tahman bradley, abc7 news. >>> 5:38 now. the 49ers are on solid groin getting ready for a buy week, then playoffs. 9ers won the nfc west...
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Dec 28, 2012
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the fiscal cliff tax calculator. we've got it and will show you how to use it at 6:00. >> thank you. a work work -- new york woman accused of trying to scam donors by posing as a relative of one of the children killed in that elementary school. she's charged with lying to fbi agents this, is video of her leaving court. prosecutor says she used the facebook account, telephone calls to ask for donations for what she called a funeral fund. alba denied accusations when contacted by the fbi. 20 children and six adults were killed in december, on the 14th when a gunman opened fire in newtown. >>á[a6Ñ russian president vladir putin says he will sign a bill to ban americans from adopting russian children that. takes affect new year's day. that left pro suspective adoptivetçoÑñ parents in tushl . >> vladimir putin says he plans to sign a controversial new law banning u.s. adoptions. that dashes hopes and dreams of hundreds of american who's are trying to adopt russian orphans. many of them with special needs. officials h
the fiscal cliff tax calculator. we've got it and will show you how to use it at 6:00. >> thank you. a work work -- new york woman accused of trying to scam donors by posing as a relative of one of the children killed in that elementary school. she's charged with lying to fbi agents this, is video of her leaving court. prosecutor says she used the facebook account, telephone calls to ask for donations for what she called a funeral fund. alba denied accusations when contacted by the fbi....
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Dec 30, 2012
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if they fail to even pass a minideal, virtually everybody's income taxes will good up. the average family paying an extra $3,446 a year. and even if the income tax cuts are extended, virtually all workers are due to see less in their paychecks starting in january when the temporary 2% payroll tax cut is set to expire. >> senate leaders are headed back into session tomorrow morning. tune into morning news for the latest. >> portland, oregon residents have taken their disappointment in congress to the street. there's this road sign in north portland. now instead of road construction it reads, fiscal cliff ahead. >> a winter storm is dumping snow over the northeast and part office ohio. a tractor-trailer and several other cars collided in the snow on interstate 83 just outside harrisburg pennsylvania. there have been more than 450 flight cancellations. >> lots of people are takinged a a advantage of the snow. check out this kid in canada. only 18 months old but is already moving quickly on his little snowboard, pacifier and all. >>> just ahead, the popular tv shows -- the
if they fail to even pass a minideal, virtually everybody's income taxes will good up. the average family paying an extra $3,446 a year. and even if the income tax cuts are extended, virtually all workers are due to see less in their paychecks starting in january when the temporary 2% payroll tax cut is set to expire. >> senate leaders are headed back into session tomorrow morning. tune into morning news for the latest. >> portland, oregon residents have taken their disappointment...
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Dec 29, 2012
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first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend lesson fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shoppers into their stores. >> the ballpark is all decked-out for the game this afternoon against the u.s. navy he will academy and state. everyone's spirits are high and the game is bringing a boost for the local economy. ♪ >> in the spirit of match-up between the u.s. naval academy and the arizona state sun devils, friends and family from across the country are here. >> where are you from? >> annapolis, maryland. >> arizona. >> they are here to support their daughter, who is part of the arizona sun devil's spirit corps. >> when i was last here i was her age. >> she's a proud both of one of the frontline players on the naval academy team.
first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend lesson fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shoppers into their stores. >> the ballpark is all decked-out for the game this afternoon against...
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Dec 30, 2012
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the question is can we get a deal done or will washington's dysfunction drive up all our tax bills. and superstars oak ridge boys and a serenade for the hospitalized former president h.w. bush. it seems to have worked. we will have the good news for you. and a new cell phone contract. the extraordinary 18-point agreement that this mom made her teenage son sign so he would not abuse the i-phone he got from christmas. a lot of parents paying attention to this contract. she has some very creative points in there ask we will share them with you coming up on gma, carolyn. >> how old was the son or is the son? >> thirteen. >> thirteen, okay. i think that's age-appropriate for a cell phone with conditions. >> right. and she had some pretty interesting conditions. i would argue that everybody who has a cell phone should sign these conditions, frankly. >> all right. sounds good. we will look for that, dan. i guess one would be no nude pictures. that's always a good thing to keep in mind. bingo. >> that's exactly right. good guess. >> happy new year to you. >> thank you. you, too. >> all righ
the question is can we get a deal done or will washington's dysfunction drive up all our tax bills. and superstars oak ridge boys and a serenade for the hospitalized former president h.w. bush. it seems to have worked. we will have the good news for you. and a new cell phone contract. the extraordinary 18-point agreement that this mom made her teenage son sign so he would not abuse the i-phone he got from christmas. a lot of parents paying attention to this contract. she has some very creative...
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Dec 31, 2012
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the tax impact for the average american family is more than $3400. senate leaders continue to work on the stop gap bill. the sticking points remain. >> there is still significant distance between the two sides. negotiations continue. >> negotiations will continue through the night. now with just hours to go until the deadline. abc news, washington. >>> as the government teeters on the edge of the fiscal cliff, you might want to change your tax strategy. coming up at 11:35, advice from 7 on your side's michael finney. >>> the leaders in the house and the senate did agree on something today. they extended the 2008 farm bill for one more year. that bill expired in october. milk prices could have doubled to $7 a gallon next month if lawmakers failed to extend it. the agreement prevents the government from returning to a 1948 formula to set milk prices. some economists call this the dairy cliff. >>> today was the last sunday for free meter parking in san francisco. next sunday you will have to pay from noon to 6:00 p.m. atish ifer man's wharf from noon un
the tax impact for the average american family is more than $3400. senate leaders continue to work on the stop gap bill. the sticking points remain. >> there is still significant distance between the two sides. negotiations continue. >> negotiations will continue through the night. now with just hours to go until the deadline. abc news, washington. >>> as the government teeters on the edge of the fiscal cliff, you might want to change your tax strategy. coming up at 11:35,...
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Dec 31, 2012
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leaders are offering up to $450,000 in family income before higher taxes kick in. last night they were unable to make a counter offer to republicans, vice president biden was called in to break the ice. "good morning america" will have the latest at 7:00. >> number two, house fire in san francisco sent two to the hospital. two story structure on athens street was well involved by the time firefighters arrived before 1 this morning. a gas main ruptured crews were >> number three, secretary of state clinton, still in the hospital this morning. getting treated with blood thinners for a blood clot. the clot was found yesterday during a follow-up exam. the secretary suffered a concussion from a fall ii >> number four, stanford cardinal will make a final run through in pasadena opponent wisconsin appearing in its third straight rose bowl. they hope taylor will -- taylor -- >> number five, plenty of transit options from new year's eve revelry bart will run trains until 3:00 tomorrow morning, tree to ride muni 8:00 tonight -- free to ride muni 8:00 tonight. bart is not fre
leaders are offering up to $450,000 in family income before higher taxes kick in. last night they were unable to make a counter offer to republicans, vice president biden was called in to break the ice. "good morning america" will have the latest at 7:00. >> number two, house fire in san francisco sent two to the hospital. two story structure on athens street was well involved by the time firefighters arrived before 1 this morning. a gas main ruptured crews were >> number...
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Dec 28, 2012
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leaders from capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect unless lawmakers can broker a deal before the end of the year. will meet with congressional white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. jive to be very honest mr. president, -- >> i have to be very honest mr. president, i don't know time-wise how it can happen now. >> reporter: senate majority leader harry reid]vtkÑ lashed ot at speaker boehner accusing him of running a tar forship. >> john boehner seems to -- >> reporter: republican leaders blame democrats for the standoff and say there are limits to a compromise. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner call the house back into town for an unusual sunday session. members of congress understa
leaders from capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect unless lawmakers can broker a deal before the end of the year. will meet with congressional white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. jive to be very honest mr. president, -- >> i have to be very honest mr. president, i don't know time-wise how it can happen now. >> reporter: senate...
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Dec 24, 2012
12/12
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get this, new tax established by affordable care act on medical devices from syringes to pacemakers may cause manufacturers to dodge requirements they register with the fda some companies could find ways to avoid listing devices that would be subject to fda approval to avoid the tax. experts say the fda may have to rely on complains from third parties to find out about -- companies that evading the requirements. ellen brightman, new york stock exchange. >>> everybody is hoping the rain holds off, it holds off today, better part of tomorrow, keep our fingers crossed. you can see some of the fog moving about this morning thickest north bay valleys, tiburon, belvedere over to about oakland this morning. clouds gone so is the rain, dry now rotating you can see it up there scan being the skies looking for that next storm from the west tomorrow afternoon. let's talk about right now. temperatures running mainly in the 40s and 50s out there. heads-up on guerneville and napa river, russian river guerneville and napa river at napa, for the most part crested starting to fall even with the extra ra
get this, new tax established by affordable care act on medical devices from syringes to pacemakers may cause manufacturers to dodge requirements they register with the fda some companies could find ways to avoid listing devices that would be subject to fda approval to avoid the tax. experts say the fda may have to rely on complains from third parties to find out about -- companies that evading the requirements. ellen brightman, new york stock exchange. >>> everybody is hoping the rain...
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Dec 27, 2012
12/12
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democrats and republicans have just four days to reach a deal before mandatory budget cuts and tax increases kick in january 1st. >>> new senator representing hawaii will arrive on capitol hill today. lt. governor will fill the seat left vacant by the death of senator daniel inouye. he was chosen from a list of three yesterday. the 40-year-old has served as state lawmaker and chairman of the hawaii democratic party. he will serve until an election in 2014. >>> lance armstrong has until today to appeal the ban imposed on him. he lost his seven titles december 6th, when the international cycling<ç÷%Ñ union banned him from the sport for life. penalties came after the united states anti-doping agency hit him with similar sanctions for using banned substances. armstrong did not appeal. it appears he won't challenge this latest ban. >>> gun buy-back in los angeles is being called a huge success. you can see why. cars wrapped around several blocks as people waited in turn to turn in their firearms. guns for groceries is normally in the spring but the mayor moved it up to take advantage of the ou
democrats and republicans have just four days to reach a deal before mandatory budget cuts and tax increases kick in january 1st. >>> new senator representing hawaii will arrive on capitol hill today. lt. governor will fill the seat left vacant by the death of senator daniel inouye. he was chosen from a list of three yesterday. the 40-year-old has served as state lawmaker and chairman of the hawaii democratic party. he will serve until an election in 2014. >>> lance armstrong...
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Dec 28, 2012
12/12
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group a world renowned expert on sexual health of adolescent autos headman at apple moves into a lower tax bracket. tim cook got a stock bonus worth $376 million last year will take home just over $4 million this year. and he got the same 200% bonus as other top april executives. >> more stockings stuffed with mobile devices more tablets ak ti vaited over the holidays. and app down loads more than tripled on christmas day. >> still ahead did you know clothes you wear with affect your health? >> coming up a warning from fashion r9%a+Ñ on what could happen if >>> all right we have a health warning about a fashion item. doctors warning about a phone shallly painful side affect of the ultratight skinny jeans >> check out my skinny jeans. closet is filled of skinny jeans. >> i can wear boots over, and just during daytime, you can wear them with flats. or, jazz them up. >> she admits it's st sm times a struggle squeezing into them. >> they can be hard to get on. >> more than an inconvenience smrks warn a tight fit could cause nerve damage. >> this is called is a disorder that qhurz one of the n
group a world renowned expert on sexual health of adolescent autos headman at apple moves into a lower tax bracket. tim cook got a stock bonus worth $376 million last year will take home just over $4 million this year. and he got the same 200% bonus as other top april executives. >> more stockings stuffed with mobile devices more tablets ak ti vaited over the holidays. and app down loads more than tripled on christmas day. >> still ahead did you know clothes you wear with affect...
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Dec 24, 2012
12/12
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. >> the president: i've asked leaders of congress to work towards a package that spreads tax hike on middle class americans, protects unemployment insurance for two million americans and lays the groundwork for further work on growth and deficient the city reduction. >> president's solution of raising tax rates could be red ink for as far as the eye can see. >> reporter: the partisan bickering has put the country on the brink of potential economic crisis. >> it is the first time that i feel it is more likely that we will go over the cliff than not. that, if we allow that to happen, it will be thekñg)p mot colossal consequential act of congressional responsibility in a long time. >> reporter: president obama is in hawaii for christmas. he says, he will cut his vacation short to try to hammer out a deal. the deadline a week way andrew spencer, reporting. >>> president obama is giving federal employees a present, he's issued an executive order giving workers at most federal departments the day off today, it excludes workers who have to remain on duty for reasons of national security,
. >> the president: i've asked leaders of congress to work towards a package that spreads tax hike on middle class americans, protects unemployment insurance for two million americans and lays the groundwork for further work on growth and deficient the city reduction. >> president's solution of raising tax rates could be red ink for as far as the eye can see. >> reporter: the partisan bickering has put the country on the brink of potential economic crisis. >> it is the...
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Dec 26, 2012
12/12
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extra 6 1/2 million dollars to buy more rail cars the funding comes from a controversial 2008 sales tax. the recession and other factors forced the 70 mile project to be shortened. >>> the federal government has denied california's request for a waiver from the no child left behind law. the law requires student test scores in english and math to improve each year and reduces federal funding to states where students don't. the sticking point is california's reluctance to evaluate teachers based on test scores. california's politically strong teachers' union has fought the change. 33 other states and the district of columbia have been granted waiverers from the law with >>> stores are going to be packed today with after christmas shoppers, some will be making returns. the change one retailer is making to its return policy >>> home theater systems offer great sound for your home. michael finney and consumer reports ahead with the money saving option if you are tight on cash. >>> we continue to track showers across the bay area. mike will be back with your forecast and what to expect for th
extra 6 1/2 million dollars to buy more rail cars the funding comes from a controversial 2008 sales tax. the recession and other factors forced the 70 mile project to be shortened. >>> the federal government has denied california's request for a waiver from the no child left behind law. the law requires student test scores in english and math to improve each year and reduces federal funding to states where students don't. the sticking point is california's reluctance to evaluate...
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Dec 31, 2012
12/12
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the tax impact for the average american family is more than $3400. senate leaders continue to work on the stop gap bill. the sticking points remain. >> there is still significant distance between the two sides. negotiations continue. >> negotiations will continue through the night. now with just hours to go until the deadline. abc news, washington. >>> as the government teeters on the edge of the fiscal cliff, you might want to change your tax strategy. coming up at 11:35, advice from 7 on your side's michael finney. ders in the hte did agree on something today. they extended the 2008 farm bill for one more year. that bill expired in october. milk prices could have doubled to $7 a gallon next month if lawmakers failed to extend it. the agreement prevents the government from returning to a 1948 formula to set milk prices. some economists call this the dairy cliff. >>> today was the last sunday for free meter parking in san francisco. next sunday you will have to pay from noon to 6:00 p.m. atish ifer man's wharf from noon until 7:00 p.m. the city set u
the tax impact for the average american family is more than $3400. senate leaders continue to work on the stop gap bill. the sticking points remain. >> there is still significant distance between the two sides. negotiations continue. >> negotiations will continue through the night. now with just hours to go until the deadline. abc news, washington. >>> as the government teeters on the edge of the fiscal cliff, you might want to change your tax strategy. coming up at 11:35,...
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Dec 31, 2012
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if it doesn't everybody's income taxes will go up. the average family would pay $3,324 would. if congress doesn't passion a new bill? >> we'll come back with a new congress in january 4th and first bill will be introduced on the floor will be to cut taxes on middle-class families. >> the bargaining continues tonight. >> ama: in two dates, new laws to take effect in california. plus, we'll break down the incredible video that shows a plane crashing into a freeway. director of star trek movie is back in the day, we didn't have the u-verse wireless receiver. [ light laugh ] the tv stayed in one place... mmmmhmmmm. ...right next to the upstairs tv outlet. oh yeah. they can move the tv all over the place, even outside. grandpa... mmmhmm? kids have it easy nowadays. [ glasses clink ] i'm trying to tell ya. [ male announcer ] the wireless receiver, only from at&t. get u-verse tv for $29 a month for 6 months. at&t. ♪ >> ama: several new laws will take effect beginning new year's day. one is underage drinking on party buses. one person died after being on party bus in 2010. the law r
if it doesn't everybody's income taxes will go up. the average family would pay $3,324 would. if congress doesn't passion a new bill? >> we'll come back with a new congress in january 4th and first bill will be introduced on the floor will be to cut taxes on middle-class families. >> the bargaining continues tonight. >> ama: in two dates, new laws to take effect in california. plus, we'll break down the incredible video that shows a plane crashing into a freeway. director of...
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Dec 27, 2012
12/12
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vacation, democrats and republicans have four days to reach a deal before mandatory budget cuts and tax increases kick in january 1st. >>> at least 200 teachers will get concealed weapons training in utah today, overflow crowds are expected when gun rights advocates waive usual fee for teachers. the training tolls the shooting tragedy in newtown, connecticut. gun groups believe teachers can act more quickly than law enforcement in those critical first minutes to protect children. >>> gun buy-back event in los angeles is being called a huge success, you can see why. people in their cars lined up for miles yesterday to turn in their firearms. event is held once a year and takes place in the spring, the mayor moved it up to take advantage of the outrage over the connecticut school massacre, the city gave away up to $200 in grocery gift cards. >>> lance armstrong has until today to appeal the ban imposed on him. he lost his seven titles december 6th, when the international cycling union banned him from the sport for life. those penalties came after the agency hit armstrong with similar sanc
vacation, democrats and republicans have four days to reach a deal before mandatory budget cuts and tax increases kick in january 1st. >>> at least 200 teachers will get concealed weapons training in utah today, overflow crowds are expected when gun rights advocates waive usual fee for teachers. the training tolls the shooting tragedy in newtown, connecticut. gun groups believe teachers can act more quickly than law enforcement in those critical first minutes to protect children....
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Dec 27, 2012
12/12
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there are many donors who itemize their taxes and they take advantage of the charitable tax deduction and they include very middle income people. >> reporter: also on the table is the possible elimination of the mortgage deduction. >> if that were to happen eventually i think that would have to be phased out over a long period of time. >> i think it encourages people to buy houses versus renting. and if they were lower the mortgage rate reduction, people will think twice. >> cpa mark britton thinks it is a good time to it refinance if you still have 15-20 years left on the mortgage. >> an interest rate drop could make a significant difference in the total amount that you pay over the length of the mortgage. >> michael finley reporting. >>> starbucks is using its coffee cups to encourage both sides to come to an agreement. they are asking employees at cafes in washington, d.c. to write something other than customer names on the cups. it wants workers cribble the words come together. >>> a gun buyback event in los angeles called a huge success tonight. people in their cars lined up for
there are many donors who itemize their taxes and they take advantage of the charitable tax deduction and they include very middle income people. >> reporter: also on the table is the possible elimination of the mortgage deduction. >> if that were to happen eventually i think that would have to be phased out over a long period of time. >> i think it encourages people to buy houses versus renting. and if they were lower the mortgage rate reduction, people will think twice....
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Dec 28, 2012
12/12
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>>reporter: we have a link to the tax calculator on our web site. just lack under see it on tv. and we also want to let you know when the tax increases take effect but irs has not issued any guide lanes so are if a. so the experts at the tax policy center they believe this paychecks won't change medley after the first of the year. irs likely will wait until congress sorts it out or doesn't. in the newsroom, 7 news. >>> hang on to your hat. not just the fiscal cliff. could also be the dairy cliff beginning next year you could be paying as much as 7 dollars for gallon of milk if congress does not step in. price of milk could double if congress doesn't provide a fix for expiring dairy price supports beginning or before january 1s 1st. >>> roller coaster day on wall scrutiny as market reacted to news on fiscal cliff pending. dow down 150 points in early trading but rallied to close with just 18 point loss. index closed today at 13096. fourth straightlessing day for the dow by the way. >> now to some incredible video from china. shows a 33 ton shark tank exploding at shanghai shoppin
>>reporter: we have a link to the tax calculator on our web site. just lack under see it on tv. and we also want to let you know when the tax increases take effect but irs has not issued any guide lanes so are if a. so the experts at the tax policy center they believe this paychecks won't change medley after the first of the year. irs likely will wait until congress sorts it out or doesn't. in the newsroom, 7 news. >>> hang on to your hat. not just the fiscal cliff. could also be...
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Jan 1, 2013
01/13
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ball in the form of tax hammer. negotiators come tune agreement on the so-called fiscal cliff just in time before the new year begins. senate to vote on the deal tonight. democratic leaders including senator feinstein and boxer from california just left capitol hill within the past hour or so and vice president biden spoke just few minutes ago. listen. >> i feel in very, very good. i think we'll get a very good vote tonight but happy new year. i will see you all maybe tomorrow. >>reporter: it looks like they get it done just in the nick of time. what does the imagine include exactly. karen travers has the details. >> don't start popping the champagne yet but tonight a major step to avoid the fiscal cliff. after days of intense negotiations white house and senate republicans reached a deal and vice president biden went up to the capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out a way forward with mcconnell. the agreement would permanently exten
ball in the form of tax hammer. negotiators come tune agreement on the so-called fiscal cliff just in time before the new year begins. senate to vote on the deal tonight. democratic leaders including senator feinstein and boxer from california just left capitol hill within the past hour or so and vice president biden spoke just few minutes ago. listen. >> i feel in very, very good. i think we'll get a very good vote tonight but happy new year. i will see you all maybe tomorrow....